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Citation Information=ix

List of Contributors=xvii

Introduction : classic papers in natural resource economics revisited / Chennat Gopalakrishnan=1

Part I. The Intertemporal Problem / Kenneth J. Arrow ; Robert C. Lind

1. Uncertainty and the Evaluation of Public Investment Decisions / Kenneth J. Arrow ; Robert C. Lind=7

2. The relevance and the limits of the Arrow-Lind Theorem / Luc Baumstark ; Christian Gollier=23

3. A reconsideration of Arrow-Lind : risk aversion, risk sharing, and agent choice / Eric Fesselmeyer ; Leonard J. Mirman ; Marc Santugini=29

4. Evaluating uncertain public projects with rival and non-rival benefits / Bram Gallagher ; Arthur Snow=35

5. Probing the limits of risk-neutral government / Alan Randall=43

6. Are we in this together? Risk bearing and collective action / Carlisle Ford Runge ; Justin Andrew Johnson=49

7. Evaluation of public investments and individual discounting / Mario Tirelli=55

8. Rebutting Arrow and Lind : why governments should use market rates for discounting / Deborah Lucas=63

9. Revisiting Arrow-Lind : Managing Sovereign Disaster Risk / Reinhard Mechler ; Stefan Hochrainer-Stigler=71

10. Size matters : capital market size and risk-return profiles / Keiran Sharpe ; Massimiliano Tani=79

11. Microeconomic foundations of bailouts / Marian Moszoro=87

Part II. Externalities and Market Failure / Ronald H. Coase

12. The Problem of Social Cost (not full text) / Ronald H. Coase=93

13. Battles lost and wars won : reflections on 'The Problem of Social Cost' / Mary M. Shirley=95

14. The importance of being misunderstood : the Coase theorem and the legacy of 'The Problem of Social Cost' / Steven G. Medema=101

15. Infringement as nuisance : intellectual property rights and The Problem of Social Cost / Paul J. Heald=107

16. About some distortions in the interpretation of 'the problem of social cost' / Claude Ménard=113

17. The successes and failures of Professor Coase / Ning Wang=119

Part III. Property Rights, Institutions and Public Choice / Garrett J. Hardin ; Elinor Ostrom

18. The Tragedy of the Commons / Garrett Hardin=125

19. The Core Challenges of Moving Beyond Garrett Hardin / Xavier Basurto ; Elinor Ostrom=137

20. Revising the Commons Paradigm / Fikret Berkes=143

21. Hardin's Brilliant Tragedy and a Non-Sequitur Response / Thráinn Eggertsson=147

22. Free Parking at Christmas Is Not a Tragedy of the Commons / William A. Fischel=151

23. Guarding the Guardians : Enforcement in the Commons / C. Ford Runge=157

24. From 'Tragedy' to Commons : How Hardin's Mistake Might Save the World / Peter A. Walker=165

25. Collective action and the evolution of social norms / Elinor Ostrom=171

26. The collective action theory path to contextual analysis / Paul Dragos Aligica ; Filippo Sabetti=189

27. Contextualizing the influence of social norms, collective action on social-ecological systems / Tom P. Evans ; Daniel H. Cole=195

28. Collective Action and the Evolution of Social Norms : the principled optimism of Elinor Ostrom / Matthew R. Auer=201

29. Crossing disciplinary boundaries / L. Schroeder=209

30. Elinor Ostrom's challenge for laboratory experiments / Rick K. Wilson=215

31. The evolution of social norms in conflict resolution / Lisa Blomgren Amsler=221

32. The evolution of elite and societal norms pertaining to the emergence of federal-tribal co-management of natural resources / Shane Day=227

Part IV. The Economics of Exhaustible Resources / William Nordhaus ; Robert Solow

33. The Allocation of Energy Resources (not full text) / William Nordhaus=233

34. Modeling long term energy futures after Nordhaus (1973) / Gregory F. Nemet=235

35. The allocation of energy resources in the very long run / Roger Fouquet=241

36. The world before climate change / Frank Ackerman=251

37. Energy mode ling post 1973 / John Feddersen ; Florian Habermacher ; Jan Imhof ; Rick van der Ploeg=255

38. The allocation of energy conservation / Franz Wirl=261

39. A retrospective on The Allocation of Energy Resources by William D. Nordhaus / P. Koundouri ; D. Reppas ; I. Souliotis=267

40. Backstop technology : model keystone or energy systems transition guide / Aviel Verbruggen=271

41. Caveats for climate policy from Nordhaus's The Allocation of Energy Resources / Isabel Galiana=279

42. The Economics of Resources or the Resources of Economics / Robert M. Solow=287

43. Reflections on Solow's The Economics of Resources or the Resources of Economics / Peter Berck=301

44. What Does the Empirical Work Inspired by Solow's The Economics of Resources or the Resources of Economics Tell Us? / Robert Halvorsen=305

45. What Would Solow Say? / John M. Hartwick=309

46. Reflections on Solow's 1974 Richard T. Ely Address / Alan Randall=315

47. The Economics of Resources and the Economics of Climate / R. David Simpson=321

48. Celebrating Solow : Lessons from Natural Resource Economics for Environmental Policy / V. Kerry Smith=325

Section V. Renewable Resources / Paul A. Samuelson

49. Economics of Forestry in an Evolving Society / Paul A. Samuelson=335

50. Samuelson's Economics of Forestry in an Evolving Society : Still an Important and Relevant Article Thirty Six Years Later / Gregory S. Amacher=359

51. Reflections on Samuelson's Economics of Forestry in an Evolving Society / Peter Berck ; Lunyu Xie=365

52. Samuelson and 21st Century Tropical Forest Economics / Elizabeth J. Z. Robinson ; Heidi J. Albers=371

53. Putting Samuelson's Economics of Forestry into Context : The Limits of Forest Economics in Policy Debates / David H. Newman ; John E. Wagner=377

54. Samuelson on Forest Economics : An Inadvertent Tribute to Faustmann, and a Few Others / Colin Price=381

55. Thoughts on Paul Samuelson's Classic, Economics of Forestry in an Evolving Society / Roger A. Sedjo=385

Index=389

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Classic papers in natural resource economics revisited 이용현황 표 - 등록번호, 청구기호, 권별정보, 자료실, 이용여부로 구성 되어있습니다.
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Classic Papers in Natural Resource Economics Revisited is the first attempt to bring together a selection of classic papers in natural resource economics, alongside reflections by highly regarded professionals about how these papers have impacted the field. The seven papers included in this volume are grouped into five sections, representing the five core areas in natural resource economics: the intertemporal problem; externalities and market failure; property rights, institutions and public choice; the economics of exhaustible resources; and the economics of renewable resources.

The seven papers are written by distinguished economists, five of them Nobelists. The papers, originally published between 1960 and 2000, addressed key issues in resource production, pricing, consumption, planning, management and policy. The original insights, fresh perspectives and bold vision embodied in these papers had a profound influence on the readership and they became classics in the field. This is the first attempt to publish original commentaries from a diverse group of scholars to identify, probe and analyse the ways in which these papers have impacted and shaped the discourse in natural resource economics. Although directed primarily at an academic audience, this book should also be of great appeal to researchers, policy analysts, and natural resource professionals, in general.

This book was published as a series of symposia in the Journal of Natural Resources Policy Research.



This is the first attempt to bring together a careful selection of classic papers in natural resource economics along with reflections by highly regarded professionals about how these papers have impacted the field. The original commentaries by prominent scholars included in this book offer fresh thoughts and insights on the lasting impact of these papers, taking into account the many changes that have occurred in the discourse in economics, public policy, and social sciences in general since the original publication of each paper. This book was published as a series of symposia in the Journal of Natural Resources Policy Research.



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